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1202 N Royal Ave

4,716 SF 100% Leased Retail Building Front Royal, VA 22630 $999,900 ($212/SF) 8.40% Cap Rate

Investment Highlights

  • Heavy traffic area

Executive Summary

Opportunity awaits, property includes restaurant and 4 apartments, plus 3 br SFD . Conveniently located in Front Royal in established neighborhood with a high traffic area. If you are looking for an investment opportunity this is it. Tax Map for all properties are as follows- 20A2 450 2, 20A2 450 1, and 20A2 450 1A . All units are currently leased on a month to month basis. Owner pays all utilities for 1202 N Royal Ave, all restaurant equipment is included (with the exception of the walk in cooler). Will require 24hr notice for showing. *Will be subject to 1031 Exchange*.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,716 SF
Building Class
B
Year Built/Renovated
1962/1995
Price
$999,900
Price Per SF
$212
Cap Rate
8.40%
NOI
$83,992
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.77
Lot Size
0.14 AC
Zoning
C1 - zoning designation is intended to accommodate small-scale commercial uses that serve the immediate needs of surrounding residential neighborhoods.
Parking
8 Spaces (1.69 Spaces per 1,000 SF Leased)
Frontage
52 FT on N Royal Ave

Amenities

  • Restaurant

Nearby Major Retailers

First Bank
City National Bank
United Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20A2 450 1
Land Assessment
$76,800 (2024)
Improvements Assessment
$373,700 (2024)
Total Assessment
$450,500 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
  • Listing ID: 33869995

  • Date on Market: 11/14/2024

  • Last Updated:

  • Address: 1202 N Royal Ave, Front Royal, VA 22630

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